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The following table shows the cumulative effects of a succession of separate transactions on the assets and liabilities of a business. The first column of data gives the opening position. Required: I...
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Extract an income statement for the year ending 30 June 2024 for G. Graham. The trial balance as at 30 June 2024 after his first year of trading was as follows: Inventory at 30 June 2024 was Â&...
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Record the following transactions for a new small business for the month of June, balance-off all the accounts, and then extract a trial balance as at 30 June. June 1 Started in business with £10,500...
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The following information relates to A. Trader’s business: During the year, Trader had sold some of his personal investments for £4,000 which he paid into the business...
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